Nvidia stcok inched up Monday after the Trump administration confirmed that a portion of its AI chip sales to China will go to the U.S. government. in midday trading, shares were up 0.5%. The stock rose 1.

Nvidia and Advanced Micro Devices have agreed to pay 15% of their China chip revenues to the U.S. government in exchange for export licenses.

Nvidia and AMD agreed to share 15 percent of their revenues from AI chip sales to China with the U.S. government in an unusual export deal.